24.03A.914  <<  24.03A.916 >>   24.03A.918

Prohibition of financial benefit.

No person may receive a direct or indirect financial benefit in connection with the dissolution of a charitable corporation unless the person is an entity operated exclusively for one or more charitable purposes, the federal government, a tribal government, a state or local government, or an unincorporated entity that has charitable purposes. This section does not apply to the receipt of reasonable compensation for services rendered.

NOTES:

Effective date2021 c 176: See note following RCW 24.03A.005.
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